Commonwealth Numbered Acts

CORPORATIONS ACT 1989 No. 109 of 1989 - SECT 578

578. Property vested in the Commission by operation of this Division is liable
and subject to all charges, claims and liabilities imposed on or affecting
that property by reason of any law as to rates, taxes, charges or any other
matter or thing to which the property would have been liable or subject had
the property continued in the possession, ownership or occupation of the
company, but there shall not be imposed, on the Commission or the Commonwealth
any duty, obligation or liability whatsoever to do or suffer any act or thing
required by any such law to be done or suffered by the owner or occupier other
than the satisfaction or payment of any such charges, claims or liabilities
out of the property of the company so far as it is, in the opinion of the
Commission, properly available for and applicable to such a payment.